Why in news? As the Reserve Bank of India (RBI) marks its 90th anniversary, it’s an opportune moment to reflect on its illustrious journey, characterized by remarkable achievements, pivotal reforms, and enduring challenges. Since its establishment on April 1, 1935, the RBI has played a crucial role in shaping India’s economic landscape, overseeing monetary stability, … Read more
Why in news? India’s defense sector stands at a critical juncture, characterized by a significant surge in arms imports, coupled with ambitious indigenous initiatives aimed at reducing reliance on foreign weaponry. Recent data from the Stockholm International Peace Research Institute (SIPRI) sheds light on India’s evolving arms import dynamics, while government initiatives underscore a concerted … Read more
Why Mumbai’s Triservice in news? Mumbai, India’s bustling financial capital, is set to undergo a transformative change as it gears up to become the country’s first triservice common defence station. This monumental decision by the Armed Forces marks a significant milestone in India’s journey towards achieving jointness among the Army, Navy, and Indian Air Force … Read more
Why in news? The Onyx missile, a product of Russian engineering, represents a formidable advancement in military technology. As a supersonic medium-range cruise missile, it epitomizes the fusion of speed, precision, and versatility, making it a cornerstone of Russia’s defense capabilities. Its recent upgrade with a new target seeker reflects Russia’s commitment to staying at … Read more
Why in news? Understanding the T+0 Settlement Cycle: Video Credit : The Economic Times Benefits Galore: Eligible Securities for T+0 Trading: Participation Criteria and Trade Timings: Navigating Price Bands: Conclusion: People also ask Q1: What is the T+0 settlement cycle, and how does it differ from the traditional T+1 cycle?Ans: The T+0 settlement cycle allows … Read more
Why in news? The recent extension of the Armed Forces (Special Powers) Act (AFSPA), 1958, in Nagaland has sparked discussions on its implications and the context behind such a decision. Extension of AFSPA in Nagaland: The Centre has extended The Armed Forces (Special Powers) Act in eight districts and 21 police stations across Nagaland, declaring … Read more